CINXE.COM

<!DOCTYPE html> <html lang="zh-CN"> <head> <meta charset="UTF-8"> <meta http-equiv="Cache-Control" content="no-transform"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, user-scalable=no, initial-scale=1.0, maximum-scale=1.0, minimum-scale=1.0" /> <title>半导体封装巨头ASMPT收购疑云：中国产业自主化之路的挑战与机遇 - SMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</title> <meta name="Keywords" content=""> <meta name="Description" content=""> <script src="/images/2016723/js/jquery-1.10.1.min.js"></script> <script src="/images/2016723/js/bootstrap.min.js"></script> <link rel="stylesheet" type="text/css" href="/images/2016723/css/bootstrap.min.css"/> <link rel="stylesheet" type="text/css" href="/images/2016723/css/common.css"/> <link rel="stylesheet" type="text/css" href="/images/2016723/css/index.css"/> <link rel="stylesheet" type="text/css" href="/images/2016723/css/normalize.css"/>  <style> @media screen and (max-width:414px) { .navtop { display: none; } } @media screen and (max-width:375px) { .navtop { display: none; } } @media screen and (max-width:360px) { .navtop { display: none; } } @media screen and (min-width:321px) and (max-width:359px) { .navtop { display: none; } } @media screen and (max-width:320px) { .navtop { display: none; } } </style> </head> <body> <!DOCTYPE html> <html lang="zh-CN"> <head> <meta charset="UTF-8"> <meta http-equiv="Cache-Control" content="no-transform"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, user-scalable=no, initial-scale=1.0, maximum-scale=1.0, minimum- scale=1.0" /> <title>半导体封装巨头ASMPT收购疑云：中国产业自主化之路的挑战与机遇 - SMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</title> <meta name="Keywords" content=""> <meta name="Description" content=""> <script src="/images/2016723/js/jquery-1.10.1.min.js"></script> <script src="/images/2016723/js/bootstrap.min.js"></script> <link rel="stylesheet" type="text/css" href="/images/2016723/css/bootstrap.min.css"/> <link rel="stylesheet" type="text/css" href="/images/2016723/css/common.css"/> <link rel="stylesheet" type="text/css" href="/images/2016723/css/index.css"/> <link rel="stylesheet" type="text/css" href="/images/2016723/css/normalize.css"/>  <style> @media screen and (max-width:414px) { .navtop { display: none; } } @media screen and (max-width:375px) { .navtop { display: none; } } @media screen and (max-width:360px) { .navtop { display: none; } } @media screen and (min-width:321px) and (max-width:359px) { .navtop { display: none; } } @media screen and (max-width:320px) { .navtop { display: none; } } </style> </head> <body>  <nav class="navbar navbar-default navbar-static-top navtop"> <div class="container headers"> <div class="navbar-header"> <button type="button" class="navbar-toggle collapsed" data-toggle="collapse" data-target="#bs-example-navbar-collapse-1" aria-expanded="false"> <span class="sr-only"></span> <span class="icon-bar"></span> <span class="icon-bar"></span> <span class="icon-bar"></span> </button> <a class="logo" href="http://www.smtjs.com/"><img src="/logo/logo.png"></a></div> <div class="collapse navbar-collapse" id="bs-example-navbar-collapse-1"> <ul class="nav navbar-nav navli"> <li><a href="/" target="_blank">首页<span class="sr-only">(current)</span></a></li> <li class="current"><a href="/hyzx/" target="_blank" aria-haspopup="true">行业资讯</a></li> <li><a href="/cpxx/" target="_blank" aria-haspopup="true">产品信息</a></li> <li><a href="/jszc/" target="_blank" aria-haspopup="true">技术之窗</a></li> <li><a href="/znzz/" target="_blank" aria-haspopup="true">智能制造</a></li> <li><a href="/yxgl/" target="_blank" aria-haspopup="true">营销管理</a></li> <li><a href="/spbk/" target="_blank" aria-haspopup="true">视频播库</a></li> <li><a href="/em/" target="_blank" aria-haspopup="true">电子杂志</a></li> </ul>  <form class="navbar-form navbar-left nav-so hidden-md hidden-xs hidden-sm" name="searchform" method="post" action="/e/search/index.php"> <input type="hidden" name="show" value="title,newstext"> <input type="hidden" name="tbname" value="news"> <input type="hidden" name="tempid" value="1"> <div class="input-group search_box"> <input type="text" class="form-control input_text" placeholder="输入搜索词" id="bdcsMain" name="keyboard" id="tagkwd"> <span class="input-group-btn"> <button class="btn btn-danger btnColor" type="submit"></button> </span> </div>  </form> <script src="/e/member/login/loginjs.php"></script> </div>  </div>  </nav>  <div class="container"> <div class="row"> <div class="wrap_left pull-left content_L"> <div class="left_main"> <h2>半导体封装巨头ASMPT收购疑云：中国产业自主化之路的挑战与机遇</h2> <div class="mob-author article-author">    热度：<script src="/ e/public/ViewClick/?classid=1&id=3085&addclick=1"></script> <span class="time"> 　来源:<a href='http://www.smtjs.com' target=_blank>SMT技术网</a>　</AD/span> <span class="time">　2024-11-19</span><span class="conment article-conment">评论 (0)</span> </div> <p data-mpa-powered-by="yiban.io" style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(123, 12, 0); visibility: visible;"><strong style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; visibility: visible;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 14px; letter-spacing: 0.034em; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;">近期，根据外媒报道，美国要求台积电尽快停止向中国大陆客户供应7纳米及更先进工艺的AI芯片，这一事件不仅加剧了全球半导体产业链的紧张局势，也使得产业链安全成为热议话题。中国半导体行业协会理事长、长江存储董事长陈南翔在谈到中国芯片产业能否追赶上西方时表示，封装技术将成为关键，其重要性或将超越晶圆制造。</span></strong></span><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px; color: rgb(51, 51, 51); letter-spacing: 0.034em; visibility: visible;"><br data-filtered="filtered" style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; visibility: visible;" /> </span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <h6><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px; color: rgb(51, 51, 51); letter-spacing: 0.034em; visibility: visible;"><img class="rich_pages wxw-img" data-backh="321" data-backw="578" data-imgfileid="100025891" data-ratio="0.554630593132154" data-src="https://mmbiz.qpic.cn/mmbiz_png/DKvyEibU2c7zLTow5HbX25ibunsyeDkbcy26WgbX5jjFTia15Htcicla9OIvibvicB2Lcib5ribrbtP4dD8k7eQicJPoVGg/640?wx_fmt=png&from=appmsg" data-type="png" data-w="961" data-original-style="width: 100%;height: auto;" data-index="1" src="/d/file/hyzx/2024-11-19/9f50874f7d09fd6d08a8340c11958d1e.jpg" _width="100%" crossorigin="anonymous" alt="图片" data-fail="0" style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; vertical-align: bottom; box-sizing: border-box !important; overflow-wrap: break-word !important; height: auto !important; visibility: visible !important;" width="708" /></span></h6> <p style="text-align: justify;"><span style="font-size: 14px; color: rgb(51, 51, 51); font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px;">恰好就在近期，一起高达50亿美元的半导体封装设备企业收购事件引发行业的高度关注，这起收购事件最终以内地半导体企业宣布结束与潜在收购方的谈判而告一段落，据新浪科技获悉，发起收购邀约的是美国私募股权基金巨头KKR。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p><article deep="6" style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; visibility: visible;"> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">本次交易的背景是AAMI（全球前五的半导体引线框架供应商）的母公司——全球半导体封装设备龙头ASMPT在10月2日接到了美国私募股权基金巨头KKR的50亿美元“非约束性私有化要约”。ASMPT作为半导体封装设备供应商，其技术覆盖从芯片互连载体到芯片组装和封装，再到表面贴装技术（SMT）等多个环节。2020年中美贸易战刚开始不久，ASMPT剥离其半导体材料业务，出售55%股权给智路资本，更名为 AAMI。而智路资本最为出圈的事件，是其2021年大手笔接盘紫光集团这艘“半导体航母”。随后，通富微电(29.700, -1.46, -4.69%)又入股AAMI，ASMPT这家企业进一步在内地发展壮大。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <h6><img class="rich_pages wxw-img js_insertlocalimg" data-backh="326" data-backw="578" data-imgfileid="100025892" data-ratio="0.5648148148148148" data-s="300,640" data-src="https://mmbiz.qpic.cn/mmbiz_jpg/DKvyEibU2c7zLTow5HbX25ibunsyeDkbcypl4ODszXLjyHG4yGFdDzXKcunWH1OtpBbKDsSkmXL1uCAKNwv3QXbg/640?wx_fmt=jpeg&from=appmsg" data-type="jpeg" data-w="1080" data-original-style="width: 100%;height: auto;" data-index="2" src="/d/file/hyzx/2024-11-19/28dacb9b69d923dd9cd520735c6ebfce.jpg" _width="100%" crossorigin="anonymous" alt="图片" data-fail="0" style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; vertical-align: bottom; box-sizing: border-box !important; overflow-wrap: break-word !important; height: auto !important; visibility: visible !important;" width="708" /></h6> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px; color: rgb(123, 12, 0);"><strong style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;">先进封装半导体收购战：KKR与ASMPT的较量</strong></span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">放眼全球半导体产业，ASMPT的战略布局显得尤为关键。2021年，ASMPT赶在美国禁令前的最后一刻，将关键的ECD产品技术引入中国，与智路资本合资在苏州设立企业，全面推进国产化。这一技术转让不仅加强了中国在“中道”领域的技术实力，也显示了ASMPT对中国市场的长期承诺。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">2023年底，ASMPT的战略布局进一步深化，ASMPT将其所有中国的半导体业设备业务打包分拆，在上海临港(10.940, -0.05, -0.45%)成立奥芯明，继承了ASMPT在先进封装领域的血脉。奥芯明的技术授权和国产化研发，为中国封测产业的自主可控和技术创新提供了强有力的技术支持。并且，其不仅打破了荷兰公司在混合键合设备领域的垄断，还提供了热键合等关键技术，这些技术长期由欧美和韩国公司掌握，对于16层内存、AI芯片等敏感领域至关重要。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">这些战略布局对中国封测产业自主可控和技术创新具有显著影响。ASMPT的国产化战略有助于中国企业掌握更多的核心技术，减少对外部市场的依赖，增强国内产业的抗风险能力。同时，ASMPT的技术优势和开放的国产化战略有助于提升中国封测产业的市场竞争力，推动产业向高端发展。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">然而，KKR斥资50亿美元收购ASMPT的时间过于巧合，因为这一时间点正与11月8日“美国商务部致函台积电，对运往中国的某些用于人工智能加速器和图形处理单元的7纳米或更先进设计的复杂芯片实施出口限制”十分接近。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">从2024年10月2日至11月11日，KKR对ASMPT收购事件的发展仅一个多月就告一段落，足以证明半导体产业链安全的重要性。一方面，从10月初外媒彭博社报道KKR考虑对ASMPT进行收购，随即便引发市场关注，到ASMPT股价因此次收购传闻一度上涨超过11%，达到了三个月的高点，但随后下跌超过20%。再到10月下旬，事件引发海内外媒体和产业界高度关注，甚至一度传出KKR与ASMPT进行了早期谈判，最后再到11月11日，ASMPT宣布结束了与潜在收购方的谈判，尽管没有披露公司的身份，但据新浪科技获悉，KKR未达成其此次收购目标。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px; color: rgb(123, 12, 0);"><strong style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;">海外资本的挑战：国内半导体产业的反击与未来</strong></span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">随着KKR收购事件发酵，半导体企业遭遇海外资本“摘果子”的声音开始出现。一位半导体行业分析师向新浪科技表示，如果KKR成功收购ASMPT，将对中国封测供应链带来潜在的风险，阻碍国内封装产业的发展。他以多年前KKR斥资34亿元收购青岛海尔10%股权时，经济学家马光远的观点举例：“KKR作为并购基金，其收购的目的是赚钱，而不是产业层面，对海外收购基金将目标直指国内龙头企业，我们还是应该有一点安危意识的。”</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">另据新浪科技获悉，智路资本/至正科技在2020年就已经对AAMI持股达到55.6%，后因Earn-out及或有对价支付而下降至51%。在KKR私有化ASMPT的方案仍在non-binding阶段，智路资产和至正股份(66.970, -7.44, -10.00%)抢先交易AAMI，这一行动可能出于多重考虑。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">首先，如果在KKR完成私有化之后再推进，国内公司是否还有机会拿回这块资产？其次，对于私有化收购方KKR而言，ASMPT在交易完成后将在至正股份拥有20%以上股份，这是否会影响到KKR及其背后LP的投资决策？以上行动，可能是为了在KKR收购之前及时行使权利，同时为KKR后续私有化换取交易时间。这些行动对KKR收购进程的影响是复杂的，一方面可能增加了KKR收购的不确定性，另一方面也可能为KKR提供了重新评估其在中国业务战略的机会。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">综上所述，KKR的收购事件始末和智路资产及至正股份的行动，都对中国封测产业的未来走向产生了重要影响。这些事件不仅关系到中国封测产业的技术自主性和供应链安全，也关系到中国在全球半导体产业中的竞争力和话语权。随着ASMPT结束与KKR的收购谈判，中国封测产业可以期待一个更加稳定和自主的发展环境。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px; color: rgb(123, 12, 0);"><strong style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;">半导体产业的未来：自主可控与国际资本的博弈</strong></span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">另有行业分析师向新浪科技表示，本次KKR收购终止真正原因可以揣测但是无从肯定。但是无论如何此次有惊无险只是一个暂时的运气。ASMPT作为一个上市公司，随时随地都会成为国际资本猎杀的对象。他表示：“这次我们措手不及，全靠运气过关，但绝不能继续被动等待下一个KKR，我们必须掌握自己的命运。”</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">“像ASMPT这样的企业，资本的加持有利于推动国内半导体封装领域发展。”他说，“国内大量资金投入半导体设备，很多都是初创企业，看似低价进入但是风险不低，有去无回的投资案例也极多。从宏观层面，这种重复的低水平投资导致了产能过剩，以及价格竞争中的‘低水平内卷’，实则得不偿失。投资像ASMPT这样的成熟企业，虽然可能不会有独角兽式的暴利，但却扎实稳健，能够真正带动产业发展，是稳下心态实实在在搞产业的正手。随着AI时代的到来，摩尔定律趋缓，先进封装在半导体产业链中的价值更加凸显。”</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">AI已经愈发成为大国博弈的科技高地。还有半导体投资者表示，当前，国内在高端芯片制造方面仍面临较大的技术瓶颈和产能限制，全球范围内具备先进工艺制造能力的厂商不多，产能供应也有限，美国从台积电的代工源头切断中国先进AI芯片的生产能力，相当于扼住中国先进制程高性能AI芯片发展的咽喉。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <p style="-webkit-tap-highlight-color: transparent; margin: 20px 0px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; font-family: "PingFang SC", system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; letter-spacing: 0.544px; font-size: 16px; line-height: 1.7; color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important; text-align: justify;"><span style="-webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; font-size: 14px;">“如今，半导体普遍被视为科技竞争的高地。近年来无论是美国、韩国、英国、欧盟等国家和地区等出于产业安全，供应链自主可控的角度，对外资进行半导体收购管控收紧，但这也造成了全球半导体产业链的割裂。因此，对于外资针对国内半导体产业链相关公司的收购，也应持审慎态度。对于在产业链中具有独特价值和战略意义的优质企业，应在收并购事件中加强保护。海外资本多为财务型投资为主，以逐利最大化为目的，国内的一些优质资源如果被收购，意味着自主创新成果的流失，也失去了在产业链关键环节上的自主可控能力。而对于在国内市场营收占比较高，国内布局较广的海外公司的收并购，国内的资本应积极参与收购或竞购。”他表示。</span><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> </article><span style="display:none">J3mSMT技术网-China表面贴装技术-SMT表面贴装-SMT技术网【官网】</span></p> <center><img src="/AD/SMTfgx.gif"/ "/AD/smtjscn.jpg"/></center> <p><br> </p> <style> #cyPoll .vote_txtlist dd{ left: 50%; } </style>  <div class="toolbar"> <div class="share_box"> <div class="bdsharebuttonbox bdshare-button-style1-32 pull-left" data-bd-bind="1455719711329"> <a href="#" class="bds_more" data-cmd="more"></a><a href="#" class="bds_qzone" data-cmd="qzone" title="分享到QQ空间"></a><a href="#" class="bds_tsina" data-cmd="tsina" title="分享到新浪微博"></a><a href="#" class="bds_tqq" data-cmd="tqq" title="分享到腾讯微博"></a><a href="#" class="bds_renren" data-cmd="renren" title="分享到人人网"></a><a href="#" class="bds_weixin" data-cmd="weixin" title="分享到微信"></a> <script>window._bd_share_config={"common":{"bdSnsKey":{},"bdText":"","bdMini":"2","bdMiniList":false,"bdPic":"","bdStyle":"0","bdSize":"32"},"share":{},"image":{"viewList":["qzone","tsina","tqq","renren","weixin"],"viewText":"分享到：","viewSize":"16"},"selectShare":{"bdContainerClass":null,"bdSelectMiniList":["qzone","tsina","tqq","renren","weixin"]}};with(document)0[(getElementsByTagName('head')[0]||body).appendChild(createElement('script')).src='http://bdimg.share.baidu.com/static/api/js/share.js?v=89860593.js?cdnversion='+~(-new Date()/36e5)];</script> </div> <a href="/e/member/fava/add/?classid=1&id=3085" target="_blank" class="pull-right shoucang">+收藏</a> </div> </div> <div class="blank20"></div> <div class="interested-article-box"> <span class="span-mark-author">相关文章</span> <div class="article-list-box"> <div class="article-box transition"><a target="_blank" href="/hyzx/3086.html"><img src="/d/file/hyzx/2024-11-19/1ae65ffb749a7167f51826c3294faae1.jpg" width="213" height="124"></a> <div class="article-title"><a target="_blank" href="/hyzx/3086.html">通富超威（苏州）新基地竣工</a> </div> </div> <div class="article-box transition"><a target="_blank" href="/hyzx/3085.html"><img src="/d/file/hyzx/2024-11-19/28dacb9b69d923dd9cd520735c6ebfce.jpg" width="213" height="124"></a> <div class="article-title"><a target="_blank" href="/hyzx/3085.html">半导体封装巨头ASMPT收购疑云：中国产业自主化之路的挑战与机遇</a> </div> </div> <div class="article-box transition"><a target="_blank" href="/hyzx/3084.html"><img src="/d/file/hyzx/2024-11-15/02ba9e9ecbfd767e821a90fb8471fcad.jpg" width="213" height="124"></a> <div class="article-title"><a target="_blank" href="/hyzx/3084.html">喜讯 | 越南光弘第四期厂房正式开工建设</a> </div> </div> </div> </div> <div class="blank20"></div> <div class="friend">网友评论</div> <script type="text/javascript" src="/js/jquery.js"></script> <script type="text/javascript" src="/js/jNotify.jquery.min.js"></script> <script type="text/javascript" src="/js/pl.js"></script> <link href="/js/pl.css" rel="stylesheet" type="text/css" /> <div class="scpinglun" id="scpinglun"> <div class="navmenu"> <a href="javascript:void()" class="selected pltab">评论(<abbr class="plnum"><script type="text/javascript" src="/e/public/ViewClick/?classid=1&id=3085&down=2"></script></abbr>)</a> </div> <div class="allplbox"> <div class="plbox"> <form method="post" name="saypl" id="saypl" onSubmit="return CheckPl(document.saypl)"> <input name="username" type="hidden" id="username" value="adminsmtrx@A@"/> <textarea name="saytext" id="saytext"></textarea> <input name="id" type="hidden" id="id" value="3085" /> <input name="classid" type="hidden" id="classid" value="1" /> <input name="enews" type="hidden" id="enews" value="AddPl" /> <input name="repid" type="hidden" id="repid" value="0" /> <input type="hidden" name="ecmsfrom" value="/hyzx/3085.html" id="ecmsfrom"> <div class="plsub"><span><a href="javascript:void()" onclick="addface()"><em class="ico_face"></em>添加表情</a><div class="face"></div></span><input name="" type="button" value="评论" class="button small blue yh" onclick="addPl();"/></div> </form> </div> <div class="allpl"> 全部评论(<abbr class="plnum"><script type="text/javascript" src="/e/public/ViewClick/?classid=1&id=3085&down=2"></script></abbr>) </div> <ul class="pllist scpllist" id="infocommentarea"> </ul>  </div> </div> <script src="/e/data/js/ajax.js"></script> <script src="/e/extend/infocomment/commentajax.php?classid=1&id=3085"></script>  </div> </div> <div class="wrap_right pull-right"> <div class="content_R"> <div class="top" style="padding:0px;"> <div style="width:360px; height:285px; text-align:center; line-height:285px;"><script src="/d/js/acmsd/thea15.js"></script></div> </div> <div class='blank20'></div> <div class="top"> <h3>热门文章</h3> <ul class="hotNews"> <li><a href="/jszc/534.html" target="_blank">浅谈锡珠的形成原因及改善方法</a></li> <li><a href="https://mp.weixin.qq.com/s/7h_5ve8F7G6Rxka006B-xw" target="_blank">比亚迪汽车核心供应商企业名单（附企业详情）</a></li> <li><a href="https://mp.weixin.qq.com/s/o49qGly7P-P_7qx0VxvLkA" target="_blank">回流焊接工艺及常见质量缺陷的改进方法</a></li> <li><a href="/jszc/1744.html" target="_blank">PCB邮票孔的作用，如何设计邮票孔</a></li> </ul> </div> <div class='blank20'></div> <div class="top"> <h3>最新文章</h3> <ul class="hotNews"> <li><a href="/hyzx/3086.html" target="_blank">通富超威（苏州）新基地竣工</a></li> <li><a href="/hyzx/3085.html" target="_blank">半导体封装巨头ASMPT收购疑云：中国产业自主化之路的挑战与机遇</a></li> <li><a href="/hyzx/3084.html" target="_blank">喜讯 | 越南光弘第四期厂房正式开工建设</a></li> <li><a href="/hyzx/3083.html" target="_blank">如何应对特朗普2.0政策？鸿海刘扬伟回应</a></li> <li><a href="/hyzx/3082.html" target="_blank">十年磨一剑，共庆辉煌时——热烈庆贺艾斯达克10周岁生日快乐！</a></li> <li><a href="https://mp.weixin.qq.com/s/oQJRR4f1ICPFiJLU39l-5w" target="_blank">关于SMT生产线数据采集技术研究</a></li> <li><a href="/hyzx/3080.html" target="_blank">ASMPT携奥芯明闪耀第七届进博会，展现半导体行业创新力量</a></li> <li><a href="https://mp.weixin.qq.com/s/8V50A-GmgMT1zbD_c4HwpQ" target="_blank">超全NEPCON ASIA 2024亚洲电子展逛展攻略来了，一文带你玩转电子制造盛会！</a></li> <li><a href="/cpxx/3078.html" target="_blank">DELO 证明了粘合剂作为 miniLED 焊接替代方案的可行性，并预测未来 miniLED 的整合</a></li> <li><a href="/hyzx/3077.html" target="_blank">华勤技术2024年三季报：单季营收创下历史新高，2+N+3战略布局拓宽发展路径</a></li> </ul> </div> <div class='blank20'></div> <div class="top"> <h3>随机文章</h3> <ul class="hotNews"> <li><a href="/hyzx/1851.html" target="_blank">欧菲光再获10亿元预付款，正向半导体封装领域延伸</a></li> <li><a href="/hyzx/1967.html" target="_blank">日韩贸易战全面开打</a></li> <li><a href="/hyzx/3000.html" target="_blank">Saki将在2024年SMTConnect展会上重点展示前沿的检测技术</a></li> <li><a href="/hyzx/1069.html" target="_blank">传和硕拿到苹果订单将代工ARM处理器 MacBook</a></li> <li><a href="/hyzx/2042.html" target="_blank">ASM在2019 Productronica展会大获成功</a></li> <li><a href="/hyzx/2109.html" target="_blank">凭什么FuzionSC平台能以10微米精度进行系统级封装</a></li> <li><a href="https://mp.weixin.qq.com/s/By7yF0x5qY0lgUbNE_z6dw" target="_blank">【致敬产业明星传递榜样力量】2021推出NEPCON电子制造大奖</a></li> <li><a href="/hyzx/1563.html" target="_blank">环球邮报：美国将向加拿大提出引渡孟晚舟</a></li> <li><a href="/hyzx/1396.html" target="_blank">闻泰科技“蛇吞象”并购尚未完成付款公司称：支付时间达成新的一致</a></li> <li><a href="/hyzx/2720.html" target="_blank">我国稳居全球第一大工业机器人市场</a></li> </ul> </div> <div class='blank20'></div> <div class="top bottom"> <h3>精彩评论</h3> <ul class="comment"> <div id="cyReping" role="cylabs" data-use="reping"></div> </ul> </div> <div class="top bottom" style="padding:0px;"> <div style="width:380px; height:285px; text-align:center; line-height:285px;"> <script src="/d/js/acmsd/thea16.js"></script></div> <script src="/d/js/acmsd/thea23.js"></script></div> <script src="/d/js/acmsd/thea24.js"></script></div> </div> </div> </div> </div> </div>  <div class="blank20"></div>  <div class="blank20"></div> <div class="footer_nav"> <ul> <li><a href="/about/22.html" target="_blank">关于我们</a></li> <li>|</li> <li><a href="/about/23.html" target="_blank">使用协议</a></li> <li>|</li> <li><a href="/about/24.html" target="_blank">版权声明</a></li> <li>|</li> <li><a href="/about/25.html" target="_blank">广告服务</a></li> <li>|</li> <li><a href="/about/26.html" target="_blank">友情链接</a></li> <li>|</li> <li><a href="/about/27.html" target="_blank">联系我们</a></li> </ul> </div> <div class="container-fluid footer"> <div class="container"> <div class="row"> <div class="col-md-12 text-center"> <p class="banquan"> 睿讯传媒《China表面贴装技术》 SMT技术网版权所有 </p> <p class="banquan">Copyright©2007-2024 <a href="https://beian.miit.gov.cn" target="_blank" rel="nofollow">苏ICP备17041633号-1</a> </div> </div> </div> </div> <script> var _hmt = _hmt || []; (function() { var hm = document.createElement("script"); hm.src = "https://hm.baidu.com/hm.js?d2c4dbcc16cf18dc22e3caed7ccd5b47"; var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(hm, s); })(); </script> <script>window._bd_share_config={"common":{"bdSnsKey": {"tsina":"2363707226"},"bdText":"","bdMini":"2","bdMiniList":false,"bdPic":"","bdStyle":"1","bdSize":"32"},"share": {}};with(document)0 [(getElementsByTagName('head')[0]||body)  <div id="SOHUCS" sid="{id_encode("content_$catid",$id,$siteid)}" ></div> <script charset="utf-8" type="text/javascript" src="https://changyan.sohu.com/upload/changyan.js" ></script> <script type="text/javascript"> window.changyan.api.config({ appid: 'cyt81tugo', conf: 'prod_eb2c2b0959d0642bf03a451c096459db' }); </script> </body> </html>